Upstream news
Petrofac begins Rubie and Renee well decommissioning contract
Petrofac will provide well operator, well engineering and project management services to decommission four wells within the Rubie and Renee fields, 200 km north east of Aberdeen.
TGS begins Norwegian Sea seismic survey
The AM20 survey covers the latest APA19 awards in the Norwegian Sea.
BW Offshore reports 1Q20 loss
BW Offshore recorded a non-cash impairment to the book value of the FPSO fleet and other assets of US$233.1 million for 1Q20.
Guyana received US$4.9 million in oil royalties in 1Q20
The royalty payments came from oil production at the offshore Stabroek block.
UK OGA: North Sea gas has lower carbon footprint than imported LNG
Gas extracted from the UK Continental Shelf has an average emission intensity of 22 kgCO2e/boe, whereas imported LNG has an average intensity of 59 kgCO2e/boe, according to data from the Oil and Gas Authority.
Rystad Energy: Permian Basin 'last surviving epicentre of drilling activity'
The Permian Basin has systematically increased its market share in nationwide horizontal oil drilling in the US, reaching 74% as of last week, according to analysis by Rystad Energy of Baker Hughes data.
Saipem awarded engineering services contract by Equinor
The scope of the agreement extends, but is not limited, to offshore trunklines.
Oil prices rise as result of market balance optimism
Oil prices rose this morning on indications that the global oil market is getting balanced soon, as supply cuts seem to meet the gradual demand rebound.
Delek sells rights to royalties from Karish and Tanin fields
The agreement has been made with an unnamed company.
Bahamas Petroleum signs drill rig contract
The company has agreed a contract with Stena Drilling for the provision of an offshore drilling rig, with drilling planned to commence between 15 December 2020 and 1 February 2021.